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. ♪ >>> any time now, the senate is due to pass a two-year budget plan with neri a fiscal cliff or crisis in sight. surprisingly enough. not a lot of drama either. after yesterday's vote, quashed a republican filibuster and get this, it wasn't a squeaker. it wasn't a squeaker. there were seven votes to the spare. so on the surface, this really looks like a victory for bipartisan decision making on capitol hill. kumbaya. a rebuke to the partisan paralysis that's been plaguing us. i want to look beneath the surface with gloria borger because i was excited this it was a holiday gift to all of us. it's not. it was the easier way out because the tough stuff was left on the table coming down the pike. >> i don't want to be the grinch, about but it is. it is the easy stuff. it's not a huge package. there's some controversy around it, and looking down the road towards the big fight that's coming, which is over raising the debt ceiling, there are republicans including the house speaker, the chairman of the budget committee who did this deal saying we expect to get something when we raise the debt
. ♪ >>> any time now, the senate is due to pass a two-year budget plan with neri a fiscal cliff or crisis in sight. surprisingly enough. not a lot of drama either. after yesterday's vote, quashed a republican filibuster and get this, it wasn't a squeaker. it wasn't a squeaker. there were seven votes to the spare. so on the surface, this really looks like a victory for bipartisan decision making on capitol hill. kumbaya. a rebuke to the partisan paralysis that's been plaguing us. i...
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Oct 16, 2013
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if not, if we go over this fiscal cliff, so to speak, fitch, one of the big credit agencies, has already said it may look at down grading our credit rating. president obama very involved in this. he is going to be sitting down with the vice president. he is going to be meeting with treasury secretary, jack lew. he writes the checks for america. we won't see a default immediately he has said. there is a big bill coming in next week on social security and several of them at the end of the month and the first of november. he will meet with john kerry today as well. a lot going on in washington. >> russian roulette continues >>> pg&e continues testing their pipelines. they will vent a section near estates and grenview drive, a location a block from the epicenter of the deadly 2010 gas explosion. homeowners nearby, if you live there, you might be able to smell some natural gas. it is not harmful and will dissipate into the air. testing will be done throughout the day. >>> it is 6:33 right now. we're getting a little bit of everything outside. you said your coffee smelled warm, because you nee
if not, if we go over this fiscal cliff, so to speak, fitch, one of the big credit agencies, has already said it may look at down grading our credit rating. president obama very involved in this. he is going to be sitting down with the vice president. he is going to be meeting with treasury secretary, jack lew. he writes the checks for america. we won't see a default immediately he has said. there is a big bill coming in next week on social security and several of them at the end of the month...
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Oct 15, 2013
10/13
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if you remember the end of the year tax deal in 2012, fiscal cliff, there was more than 80 votes in the senate. what that gave john boehner was saying more than half of the senate republicans voted for this, guys, i'm putting it on the floor and i'm going to let everybody vote for it but i'm not convinced they're going to get that big vote out of the senate. the only thing that can give boehner the cover to throw it on to the floor and let democrats bring this home is if it's just the calendar. if we're starting to expire. >> given what members of congress heard from the public over the last couple of weeks t fact that they can't agree, are we more or less likely, given temporary measures, to see the same battle down the road? >> we're more likely to see the same battle. >> even though they know how the american people disapprove of this? >> this is not -- i think what's going to happen here is you're going to have a fight inside the republican party. it really has split the republican party. john boehner has done his best to keep it from blowing up and that's why you'll see some sort o
if you remember the end of the year tax deal in 2012, fiscal cliff, there was more than 80 votes in the senate. what that gave john boehner was saying more than half of the senate republicans voted for this, guys, i'm putting it on the floor and i'm going to let everybody vote for it but i'm not convinced they're going to get that big vote out of the senate. the only thing that can give boehner the cover to throw it on to the floor and let democrats bring this home is if it's just the calendar....
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Oct 12, 2013
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to that will end the shutdown and avoid sending the country over the fiscal cliff. we're live in washington with the latest on the high stakes talk. >>> tragic loss. nfl star adrian peterson's 2-year-old son dead. the victim of a beating allegedly by his ex's boyfriend, as support pours in from across the sporting world. >>> path of destruction. a dangerous and potentially deadly cyclone barrels toward india this morning. hundreds of thousands of in the path of destruction. "today" saturday, october 13 -- 12th. good morning, everyone. welcome to "today" on this saturday morning. i'm lester holt. >> i'm erica hill along with craig melvin and dylan dreyer. >> this is one of the most densely populated areas in the world. >> cyclone, hurricane, same thing? >> same thing but called different things in different parts of the world. >> because it's in the pacific? >> yes. >>> a whether a boy with be reunited with his family is in question. >> a ticket and likely a good deal of supervision on that flight. >>> also ahead this morning, we are following a developing story in n
to that will end the shutdown and avoid sending the country over the fiscal cliff. we're live in washington with the latest on the high stakes talk. >>> tragic loss. nfl star adrian peterson's 2-year-old son dead. the victim of a beating allegedly by his ex's boyfriend, as support pours in from across the sporting world. >>> path of destruction. a dangerous and potentially deadly cyclone barrels toward india this morning. hundreds of thousands of in the path of destruction....
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Sep 18, 2013
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. >> we're 12 day as way from a potential government shutdown and a month away from another fiscal cliff. john boehner said house republicans would do everything they could to repeal obama care. take a listen. >> the house will pass the cr, th and will did he fund obama care. the law is a train wreck. >> the law is a claw is but it is the law and did pass the house and the senate. president obama and the senate, you're a member of are never going to defund obama care. is the house on a fool's errand here? is this going too start a government shutdown the party will take the heat for for no reason at all? >> let me say that i have heard so much concern about obama care and i have supported repealing it, one of the reasons i ran for the united states senate, and as you know in 2010 but i don't think shuts down the government is productive. i think we should make every effort we can to make sure we stop this law but i don't believe they should shut down the government to do so, and i don't think that is a strategy that is good for america. >> thank you so much. >> thanks, jake. >> when we c
. >> we're 12 day as way from a potential government shutdown and a month away from another fiscal cliff. john boehner said house republicans would do everything they could to repeal obama care. take a listen. >> the house will pass the cr, th and will did he fund obama care. the law is a train wreck. >> the law is a claw is but it is the law and did pass the house and the senate. president obama and the senate, you're a member of are never going to defund obama care. is the...
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he got a better fiscal deal during the fiscal cliff because he won re-election. so, you know, no, i think that -- your poll numbers -- are you a political force still? if you're sitting at 45%, you can't be -- you do need -- look, you've been there. >> i've been to this movie. i believe obama now has a lower approval rating at this point than bush did. >> right, prekatrina -- that's when the -- >> tell you, it's sort of when the wheels start to come off. i think obama -- i agree he's invisible. i think where it's really manifesting itself in a more perilous way than here at home is in foreign capitals. people around the world have no idea where we stand not just on egypt but we've been awol in syria. >> it's paralysis. >> we've got mccain and graham having a higher visibility and trying to do something in egypt. he's completely invisible on foreign policy. >> i've just come back from london. last week, "the guardian" had a big op-ed saying the white house is rudderless. there is no leadership. they were talking about egypt. you're right, a deep sense of -- talkin
he got a better fiscal deal during the fiscal cliff because he won re-election. so, you know, no, i think that -- your poll numbers -- are you a political force still? if you're sitting at 45%, you can't be -- you do need -- look, you've been there. >> i've been to this movie. i believe obama now has a lower approval rating at this point than bush did. >> right, prekatrina -- that's when the -- >> tell you, it's sort of when the wheels start to come off. i think obama -- i...
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worry, we are headed to another fiscal cliff. we tried to talk to several members but none wanted to stop to talk about the paid five weeks totaling nine million dollars in salary. >> the entire time? >> on the house side, democrats complain the republicans aren't getting anything done but they are still headed home. as for the speaker. >> it's after vacation. >> still ahead, a rare decision by the u.s. supreme court. vote that could set thousands of inmates free. >> and reported on the new bay bridge. >>> welcome back. coming up on 8:30. we want to start with a quick look at the weather. >> starting out in the south bay, good morning san jose, temperatures in the mid-50s. even though it will be shy of the average 83. 58 in concord. santa rosa, lots of fog down through napa and novato with low 50s. most of the south bay will be pleasant and low 70s should be the high end around oakland. clouds are hanging tough to the shoreline but that is the usual this time of the year. high pressure is in control and it weakens tomorrow so 80s
worry, we are headed to another fiscal cliff. we tried to talk to several members but none wanted to stop to talk about the paid five weeks totaling nine million dollars in salary. >> the entire time? >> on the house side, democrats complain the republicans aren't getting anything done but they are still headed home. as for the speaker. >> it's after vacation. >> still ahead, a rare decision by the u.s. supreme court. vote that could set thousands of inmates free....
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the fiscal cliff was not real popular, i would add. so we, republicans, have already done things to move to the middle to get to common ground that have not been entirely popular. but we have not seen resip cal moves. >> the conversation we're having is all about deficit and long term debt. i want to talk about jobs. the most recent reports show work force participation is at a decades low. what is something that congressional republicans in the white house can agree on? both sides can agree on that would stimulate some sort of job growth in the near future? >> sam, you know we're not big cane y keynesians. >> i understand. take stimulus out of the occasion. >> two things i would say. we're on the cusp of an energy renaissance if we allow it to happen. it's good for jobs, american manufacturing, paychecks, good for making people stretch their paychecks farther by gas and home heating. it's still cold where i come from. by the way, tax reform. look, max baucas and dave ed -- we are really serious about fundamental tax reform. stop crony
the fiscal cliff was not real popular, i would add. so we, republicans, have already done things to move to the middle to get to common ground that have not been entirely popular. but we have not seen resip cal moves. >> the conversation we're having is all about deficit and long term debt. i want to talk about jobs. the most recent reports show work force participation is at a decades low. what is something that congressional republicans in the white house can agree on? both sides can...
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cliff bill with about maybe 40% of the republicans voting for it and most of the democrats voting for it.got to be stuff in it that the republicans can take back to their base like border security and e-verify. what are the objections to e-veri e-verify? >> victoria, obviously timing is very important. the support may not come out until the end of the year. we always have august recess. that's when health care took a thrashing. how important is it for congress to move as quickly as possible on immigration bill? >> timing is everything. if we don't see immigration bill or at least the strong bones of an immigration bill before recess, i really do think we're going to devolve into health care town hall that we had in 2009. and we already saw a snipit of it in arizona when john mccain went back home a couple weeks ago, all hell broke loose at his town hall. i do agree with governor rendell that biggest roadblock is going to be the house and members of congress. we really haven't seen anybody from the republican side come out strongly for a pathway to citizenship. ryan is flirting with it
cliff bill with about maybe 40% of the republicans voting for it and most of the democrats voting for it.got to be stuff in it that the republicans can take back to their base like border security and e-verify. what are the objections to e-veri e-verify? >> victoria, obviously timing is very important. the support may not come out until the end of the year. we always have august recess. that's when health care took a thrashing. how important is it for congress to move as quickly as...
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violence against women act was one and the fiscal cliff was another and sandy relief was another. he'll do it if there is huge numbers of republicans. not three or four. but double digit republican senators doing it. look. boehner all but said that. he is saying, hey, go get this done somewhere else. you're not coming to me first. i'm not doing any more of these votes. you guys do it first, meaning the senate, and then he would be willing willing to do that. i think he has already shown he would. >> congressman, i have talked to a lot of friends on the hill in the house who say, listen, we have already raised taxes and already cut defense and not lead with our face saying, hey, yeah, we are going to close loopholes unless we get a big buy-in from the president on massive long-term debt relief bill. is that about where you are right now? >> when you look what happened the past couple of months the president received his tax increases and received those at the beginning of the year and said what he needed to fix the problem and now asking for more. then last week in our conference m
violence against women act was one and the fiscal cliff was another and sandy relief was another. he'll do it if there is huge numbers of republicans. not three or four. but double digit republican senators doing it. look. boehner all but said that. he is saying, hey, go get this done somewhere else. you're not coming to me first. i'm not doing any more of these votes. you guys do it first, meaning the senate, and then he would be willing willing to do that. i think he has already shown he...
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the fiscal cliff didn't work out the way the republicans wanted. i think they both have -- it's in their interest to deal with each other. >> it's looking hopeful. >>> coming up on "morning joe," she is one of the very few to have won an emmy, a grammy, an oscar, and a tony award! the great rita moreno joins us with her memoir. we will be right back with much more "morning joe." [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. yes, you could. all stations come over to mithis is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting t
the fiscal cliff didn't work out the way the republicans wanted. i think they both have -- it's in their interest to deal with each other. >> it's looking hopeful. >>> coming up on "morning joe," she is one of the very few to have won an emmy, a grammy, an oscar, and a tony award! the great rita moreno joins us with her memoir. we will be right back with much more "morning joe." [ male announcer ] you are a business pro. omnipotent of opportunity. you know how...
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Mar 11, 2013
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the fiscal cliff deal will raise about $41 billion. that's tenth of what we can get through economic growth. i totally agree, republicans talk about economic growth but you get mired down into the detailed policy, the punishing success doesn't work. >> senator, on that point, donny deutsch and i got into this it this morning about the messaging of the gop he was making the argument we are largely top down, care more about the rich guy than the little guy. my argument was that we have fundamentally been in a position i think over a long time talking about the power of small business owners and keeping that community oriented growth from the bottom up. how do you respond to the noise and the clamor about republicans being out of touch and focus more on tax cuts for the rich billionaires and million snanchts we are not in a position where we can cut taxes just trying to not to penalize their success e i'm one of the small to medium-sized business people. i note incentives what makes me do things, what prevents me from things. i'm concerne
the fiscal cliff deal will raise about $41 billion. that's tenth of what we can get through economic growth. i totally agree, republicans talk about economic growth but you get mired down into the detailed policy, the punishing success doesn't work. >> senator, on that point, donny deutsch and i got into this it this morning about the messaging of the gop he was making the argument we are largely top down, care more about the rich guy than the little guy. my argument was that we have...
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fiscal cliff deal that raise taxes top 1% and spending cuts may be help but washington is still stuck. this week you saw a couple republicans, chrisyty and jeb bush gearing up to run for president by attacking washington from afar. >> appears to be the last two years bog crisis to crisis. i think people are just numb by this dysfunction. >> if anybody this this room thinks they understand washington, d.c., please come on up and stand behind the podium and you give the answers. because i don't have the first damn idea what they're doing down there. chris: har
fiscal cliff deal that raise taxes top 1% and spending cuts may be help but washington is still stuck. this week you saw a couple republicans, chrisyty and jeb bush gearing up to run for president by attacking washington from afar. >> appears to be the last two years bog crisis to crisis. i think people are just numb by this dysfunction. >> if anybody this this room thinks they understand washington, d.c., please come on up and stand behind the podium and you give the answers....
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have agreed to a few short months ago with the fiscal cliff negotiation and bringing in new revenues to offset some of the cuts. >> alisyn: they say that they got -- in january the president won, got his tax hikes and raised up the upper rate 39.6% and they were done with revenue increases and now it's time to start cutting. boats side both sides have dug in their heels, but in this situation you still have it make the tough decisions. >> tucker: the balanced approach suggests that each side gives something. now, in january, as you just said, republicans overturning 30 years of their own precedent agreed to hike taxes and now, the president is saying, no, talk about a one trick pony, i want more tax revenue, period. i mean, that seems to be the only talking point coming out of the white house. >> clayton: tucker, that's a whole different negotiation, the white house saying, hey, that was a separate negotiation, that was for the debt-- that was for the fiscal cliff. yes, you agreed to more taxes and this is a whole different negotiation. that was the first film, this is the sequel, se
have agreed to a few short months ago with the fiscal cliff negotiation and bringing in new revenues to offset some of the cuts. >> alisyn: they say that they got -- in january the president won, got his tax hikes and raised up the upper rate 39.6% and they were done with revenue increases and now it's time to start cutting. boats side both sides have dug in their heels, but in this situation you still have it make the tough decisions. >> tucker: the balanced approach suggests that...
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the fiscal cliff at the new year. after a meeting with the president about the sequester, nancy pelosi was back in san francisco addressing the coalition of black women. we spoke to the congresswoman about the impact of those cuts on bay area families. >> talking about the sequester, what does that word mean? >> reporter: at a fundraiser for the san francisco national coalition of 100 black women, house minority leader nancy pelosi talked about the importance of strong women and what it will take to bolster mothers and children. she says the sequester, billions of dollars in cuts now in effect, will devastate families across california, including thousands of children who won't benefit from early education through headstart. >> when those kids can't go to headstart, they'll be home, their moms will not be able to go to work. think of what that does to the families. >> reporter: families can also expect student loan cuts and cuts in unemployment benefits. proceeds from this afternoon's team will go toward the group's e
the fiscal cliff at the new year. after a meeting with the president about the sequester, nancy pelosi was back in san francisco addressing the coalition of black women. we spoke to the congresswoman about the impact of those cuts on bay area families. >> talking about the sequester, what does that word mean? >> reporter: at a fundraiser for the san francisco national coalition of 100 black women, house minority leader nancy pelosi talked about the importance of strong women and...
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cliff talks. all of that is true and it's also true republicans have balked at the idea of replacing sequester cuts even partially with new revenues. but according to santa clara university political professor james cottrell when it comes to deal making presidents aren't supposed to be facilitators not finger pointers. >> i think in that respect the criticism is valid. if he cannot lead these people and bring them together, that's a significant problem. >> reporter: so the president might be right in principle but not in outcome. as for those controversial new revenues -- >> speaker boehner just a couple months ago identified these tax loopholes and tax breaks and said we should close they have and raise revenue. >> reporter: last winter speaker boehner did propose closing tax loopholes but not as an alternative to spending cuts. the president is taking the speaker's comments out of context. >> the speaker has always maintained that he doesn't want to cut out loopholes to raise taxes but rather ke
cliff talks. all of that is true and it's also true republicans have balked at the idea of replacing sequester cuts even partially with new revenues. but according to santa clara university political professor james cottrell when it comes to deal making presidents aren't supposed to be facilitators not finger pointers. >> i think in that respect the criticism is valid. if he cannot lead these people and bring them together, that's a significant problem. >> reporter: so the president...
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we've had the fiscal cliff and now we have sequester. the president decided and congress decided that the fiscal cliff, instead of being a balance of tax increases and spending cuts would be 100% tax increases. so now we move to the next step in the process, and this is the sequester. that has always been about spending cuts. >> yeah. >> and so if our last exercise, budgetary exercise was 100% tax increases, let's make this all about spending cuts, the two do balance each other, and we move forward, and then let's talk about a balanced approach where we'll close the loop holes, which i support, but mr. president, you say you support reforming medicare, medicaid and social security. if you really support that, we'll do that all together. >> i don't think that the republicans do support that. you have to explain to me. >> the republicans do support that. >> really? >> yeah, they do support that. i don't think the president sports entitlement reform. i mean, so here we are and we're going around in circles. >> richard wolffe is there, his t
we've had the fiscal cliff and now we have sequester. the president decided and congress decided that the fiscal cliff, instead of being a balance of tax increases and spending cuts would be 100% tax increases. so now we move to the next step in the process, and this is the sequester. that has always been about spending cuts. >> yeah. >> and so if our last exercise, budgetary exercise was 100% tax increases, let's make this all about spending cuts, the two do balance each other, and...
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republicans say they raised taxes in the "fiscal cliff" deal in january. >> mr. president, you got your tax increase. it's time to cut spending here in washington! >> reporter: there seems to be a willingness on the part of some republicans to let the cuts happen figuring since they are phased in over several months the impact won't be as severe as the president suggests. the president said during a meeting of the nation's governors monday, the budget cuts are already being felt. >> companies are preparing layoff notices. families are preparing to cut back on expenses. >> reporter: but some republican governors aren't buying it. >> i think it is possible to cut less than 3% of the federal budget without causing devastating consequences. >> reporter: the president is using scare tactics, they say. susan mcginnis, cbs news, washington. >> senate democrats and senate republicans are expected to introduce separate bills this week but it's unlikely that either will pass. house republicans say they are waiting on the senate. >>> 4:40 you know. coming up, the diet that
republicans say they raised taxes in the "fiscal cliff" deal in january. >> mr. president, you got your tax increase. it's time to cut spending here in washington! >> reporter: there seems to be a willingness on the part of some republicans to let the cuts happen figuring since they are phased in over several months the impact won't be as severe as the president suggests. the president said during a meeting of the nation's governors monday, the budget cuts are already...
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cliff where you had to agree to increased tax rates and some people making more than 400,000, and this is your one opportunity to basically say, no, we're going to make this all spending cuts. even though everybody agrees that the way this happens, where there are no priorities set, just a percentage across the board in every program, it's a pretty dumb way to do it. >> you know d.c. so well, chris and we've had these conversations, as you mentioned, the fiscal cliff and debt ceiling debate and last minute flurry of activity and senators making triumphant returns for the holidays to be there in washington to get it done. do you see a difference this time there in d.c.? >> yeah, i think there's quite a sizable difference and that's because of the fact that with the debt ceiling, if you reach that point, we would have gone into either a technical or a practical default, jeopardizing the faith and credit of the american financial system. with a fiscal cliff, everybody's taxes would have gone up. the dramatic thing about the sequester is how undramatic it is. on march 2nd, nobody's going t
cliff where you had to agree to increased tax rates and some people making more than 400,000, and this is your one opportunity to basically say, no, we're going to make this all spending cuts. even though everybody agrees that the way this happens, where there are no priorities set, just a percentage across the board in every program, it's a pretty dumb way to do it. >> you know d.c. so well, chris and we've had these conversations, as you mentioned, the fiscal cliff and debt ceiling...
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they felt like they got burned during that fiscal cliff. they let some of the bush tax cuts expire and they thought they can't go to conservatives now and entertain the idea of resin or tax hikes. so they're saying, what does the president expect us to do? we're in a corner with conservatives and republicans. there's no chance of a deal that includes revenue, and that's all the white house wants. >> but the white house so you would say they didn't get burned, they walked away from the spending side of the deal and just took the tax part. >> good luck making that argument in a republican tax meeting. that's a fair argument if you're looking at the big pictures. but republicans look at the politics in the party. they already felt like they did too much on taxes during the fiscal cliff. i think the sequester happens and somehow in the appropriations process down the line they try to fund some of the defense funding again. but beyond that, i don't know what happens. >> what do you think, ben? >> i think that's likely. i think obama hears republ
they felt like they got burned during that fiscal cliff. they let some of the bush tax cuts expire and they thought they can't go to conservatives now and entertain the idea of resin or tax hikes. so they're saying, what does the president expect us to do? we're in a corner with conservatives and republicans. there's no chance of a deal that includes revenue, and that's all the white house wants. >> but the white house so you would say they didn't get burned, they walked away from the...
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it was supposed to kick in january 1 but was pushed back following "fiscal cliff" negotiations. president obama wants a debt solution that includes spending cuts and tax increases. but many republicans have no interest in more tax hikes. >> let me be very clear and i say this to you as well as to the president: these spending cuts are going to go through on march 1. taxes are off the table. >> reporter: lawmakers created this deadline to try and force a broad budget deal by now but they are not even in session it week meaning no votes will occur until they get back leaving only a few days to negotiate. in the newsroom, elissa harrington, kpix 5. >>> historic day for google. stock in the internet search engine is trading above $800 for the very first time ever. slow climb to 800 though. google topped 700 over five years ago. but now it's going strong. overall, stocks are higher today too after the long president's day weekend. up nearly 50 points on this tuesday. >>> a big announcement today in the mission rock development along san francisco's waterfront. the san francisco giant
it was supposed to kick in january 1 but was pushed back following "fiscal cliff" negotiations. president obama wants a debt solution that includes spending cuts and tax increases. but many republicans have no interest in more tax hikes. >> let me be very clear and i say this to you as well as to the president: these spending cuts are going to go through on march 1. taxes are off the table. >> reporter: lawmakers created this deadline to try and force a broad budget deal...
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remember, it was the senate that acted first to help avert the fiscal cliff. had it not been for mcconnell, had it not been for reid and biden and the senate acting first before the house -- >> that said, in kevin's defense, house republicans passed so many things that just never see the light of day. and harry reid's senate. but the way things used to work, you used to pass things in the house, and then the senate would pass things. and then when harold and i at least were in washington in the '90s, then you go to conference committee, and they battle it out. that doesn't happen if harry reid doesn't pass things in the senate. he is the president's pocket veto. >> the step you're missing in that is -- and kevin mccarthy's interview proves that denial is not simply a river in egypt -- there's no conference committee. >> can i -- hold on. hold on. >> that's a good one. that was so fancy. >> is not just a river in egypt. >> that's what he does now. >> that's something brad pitt would say in one of those chanel ads. >> let's call brad. >> standing against the wal
remember, it was the senate that acted first to help avert the fiscal cliff. had it not been for mcconnell, had it not been for reid and biden and the senate acting first before the house -- >> that said, in kevin's defense, house republicans passed so many things that just never see the light of day. and harry reid's senate. but the way things used to work, you used to pass things in the house, and then the senate would pass things. and then when harold and i at least were in washington...
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>> well, you know, people talk about it in our film talk about the fact that what the fiscal cliff was, when they pushed everything downstream until the election so that republicans could say, well, we'll do it our way with paul ryan and the democrats, the president could say, well, i'm going to make my decision, and you guys will have to follow me, and we'll go back to the negotiating table. what the election seemed to prove was, the people said, you decide. so these people who have strapped what one person in our film calls a suicide, a fiscal suicide vest on with the sequester, what we learned on new year's eve was that it's on a time-release detonator. and it's going to happen over the next few months. and the people who have been trying to negotiate this for 11 months, here they are again back at the table. and i'll give you two guesses about what's going to happen. >> michael, who are the heroes of your movie? >> there's no profiles in courage in washington right now. >> okay. >> well, that's uplifting. >> it looks really good. i can't wait to see it. catch "frontline's cliff-han
>> well, you know, people talk about it in our film talk about the fact that what the fiscal cliff was, when they pushed everything downstream until the election so that republicans could say, well, we'll do it our way with paul ryan and the democrats, the president could say, well, i'm going to make my decision, and you guys will have to follow me, and we'll go back to the negotiating table. what the election seemed to prove was, the people said, you decide. so these people who have...
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component just because they just signed off on a deal, the fiscal cliff deal that had $610 billion in tax revenue. they think it's time to go back to spending cuts. they really don't take into consideration the fact that we had the debt ceiling deal which was all cuts. that means they'll probably hold out for something that has cuts only. democrats won't take it, and we'll go over that proverbial cliff at the end of february. what's going to end up happening, i think, is that there's going to be incredible quick economic impact because of it. and that might persuade congress to go back and look at it and try to put in some sort of replacement. keep in mind, we just had a report a week ago that said that the economy shrunk in the fourth quarter in preparation for the sequester. not because the sequester hit, but in preparation for the sequester. so if that's just in preparation, i can't imagine what's going to happen when we actually do go through all the planning of going through sequestration. >> this is the worst on both levels. in the short run, it tends to be recessionary, if you
component just because they just signed off on a deal, the fiscal cliff deal that had $610 billion in tax revenue. they think it's time to go back to spending cuts. they really don't take into consideration the fact that we had the debt ceiling deal which was all cuts. that means they'll probably hold out for something that has cuts only. democrats won't take it, and we'll go over that proverbial cliff at the end of february. what's going to end up happening, i think, is that there's going to...
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the same cuts delayed in the fiscal cliff deal that began the year. republicans are accusing president obama of avoiding fiscal discipline and trying to force him to propose a budget that will avoid the sequester. carl cameron is live in washington with more. can republicans force the president to propose a budget? >> reporter: well they haven't been very successful in that in the first obama term. they will try to do it by legislation today and throughout the remainder of this year trying to get the president to propose a budget looking forward that would come to balance in the next ten years. on the house floor right now is house resolution 444, which would essentially require the president to come up with a budget proposal that would get to balance in ten years and do so by april 1st of this year. that is a hurry up offense if ever there was one. and the president who has not been able to get a budget proposed and a budget resolution passed by the two chambers of congress has already suggested he's not going to do that and there is very it evidence
the same cuts delayed in the fiscal cliff deal that began the year. republicans are accusing president obama of avoiding fiscal discipline and trying to force him to propose a budget that will avoid the sequester. carl cameron is live in washington with more. can republicans force the president to propose a budget? >> reporter: well they haven't been very successful in that in the first obama term. they will try to do it by legislation today and throughout the remainder of this year...
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cliff negotiations but house republicans. >> it was busy, though, you had the inauguration, right? right? snow uh-huh. >> super bowl went four hours long. it was a long super bowl. >> it was. >> come on. >> there are a lot of things you can kind of get worked up about. that deadline is n not -- shouldn't be one of them. the problem here, by the way, is the mechanics of putting together the annual budget are too antiquated so it takes much longer literally to put the numbers together and print it and blah blah blah than it should. which means if you don't know what the law is until january 1st, you won't hit it. >> nobody roads for the president's budget any way. it has zero votes. >> we can send drones health official way around the world do this but we can't print a budget. snow that's my point. 92 is this fair? >> that's very good, we can send a man to the moon theme. you updated it for us. 92 moving fast, man, internet age. >> i hear the webs is a big thing. >> i love the website. >> republicans are blaming this on a look of leadership in the oval office. >> president obama miss
cliff negotiations but house republicans. >> it was busy, though, you had the inauguration, right? right? snow uh-huh. >> super bowl went four hours long. it was a long super bowl. >> it was. >> come on. >> there are a lot of things you can kind of get worked up about. that deadline is n not -- shouldn't be one of them. the problem here, by the way, is the mechanics of putting together the annual budget are too antiquated so it takes much longer literally to put...
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one would be a resurgence contagion in europe and fiscal cliff 2, so to speak. there's going to be a battle between republicans and democrats at some point in the spring. the market will look unfavorably upon that. those two issues aside, i think the engine's going to be low interest rates. >> there's a third one, though, a third potential problem. the asset markets will stay like this for as long as the central banks continue to do what they're doing. isn't the bigger risk that we get an inclination that they'll start drawing this monetary stance and ahead of that, in particular, fixed income, some would say could very severely be impacted? >> well, you're absolutely right, simon. they start to talk about tightening, or if there is some indication that this policy is going to be removed, the fixed income markets are going to get obliterated. at these low rates, we'll essentially have a very negative return. i just think that, you know, i hear what you're saying. but i think eventual -- that eventual action on the part of central bankers is months away. it's not
one would be a resurgence contagion in europe and fiscal cliff 2, so to speak. there's going to be a battle between republicans and democrats at some point in the spring. the market will look unfavorably upon that. those two issues aside, i think the engine's going to be low interest rates. >> there's a third one, though, a third potential problem. the asset markets will stay like this for as long as the central banks continue to do what they're doing. isn't the bigger risk that we get an...
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cliff you said the president came ready to deal with -- and the republicans didn't. look at the deal that was done, austan, does that look to you that you saw the money that's being raised versus the spending that was being cut, does that look to you like a balanced deal for the republicans? did the republicans get a balanced deal -- >> they got a little bit. they got -- >> come on. >> he could have gotten 100% of what he wants. >> and then the republicans -- >> -- deal was balanced the previous summer? >> i did. >> you felt it was balanced? it was 100% cuts. >> it was three to one just like simpson-bowles. >> combined these things are like three to one. >> it just depends on where you are in terms of, you know, relative in the universe and then you said. then you said that the republicans for once weren't totally ridiculous with the debt ceiling but they extend the debt ceiling -- >> richard, stay with us. austan you're here for the rest of the show. we'll have more. at 1:45, the aflac duck was brought in with multiple lacerations to the wing and a fractured beak. s
cliff you said the president came ready to deal with -- and the republicans didn't. look at the deal that was done, austan, does that look to you that you saw the money that's being raised versus the spending that was being cut, does that look to you like a balanced deal for the republicans? did the republicans get a balanced deal -- >> they got a little bit. they got -- >> come on. >> he could have gotten 100% of what he wants. >> and then the republicans -- >> --...
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but it's another problem area for republicans. >> you saw that during the fiscal cliff. you know, when you had this parade of these big ceos going down to washington, more engaged arguably than any time in the last several years, but yet it didn't really have an impact at all. and i think part of that is because their message was, you've got to compromise, but part of that is because they weren't really saying anything specifically. they weren't hyper-engaged in a way they were calling them up and said there's what you have to compromise on. it was appealing to the mass populous. >> that group which i'm involved with left really disappointed/disgusted with what goes on in washington. >> as we all were. >> right. >> and that's true. >> both sides. so mary, what's the difference between now and, say, 1994, '93/'94? we were in the minority. but we had newt leading the charge along with trent lott and others in the minority. connie mack back in '93/'94, and you had haley barbour running the rnc. there was a mplan moving forwar. who's that strong republican leader now or lead
but it's another problem area for republicans. >> you saw that during the fiscal cliff. you know, when you had this parade of these big ceos going down to washington, more engaged arguably than any time in the last several years, but yet it didn't really have an impact at all. and i think part of that is because their message was, you've got to compromise, but part of that is because they weren't really saying anything specifically. they weren't hyper-engaged in a way they were calling...
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the irony is this fiscal cliff deal, republicans got -- lost ground among republicans. >> absolutely. i mean, listening to this, i have this feeling that we're basically trapped in groundhog day, a sort of nightmare on groundhog day. do you see any chance that this is actually going to be resolved in the next couple of months, or are they going to keep kicking it down the road for the rest of the year? >> that's to you, david. >> yeah, i think there's more trench warfare on the debt ceiling fight, and i think it really is a question of how republicans choose to go about this. again, talking to the leadership, they want to use these moments for maximum leverage even though they are in the minority, they can't run the government by just controlling the house. the only bit of leverage they have is to try to force some -- even if it's more moderate spending cuts out of the president as part of the debt ceiling deal. and by the way, the president's intransigence on this, this idea that he won't negotiate, republicans are looking at this and saying, well, we actually did get a fair amount o
the irony is this fiscal cliff deal, republicans got -- lost ground among republicans. >> absolutely. i mean, listening to this, i have this feeling that we're basically trapped in groundhog day, a sort of nightmare on groundhog day. do you see any chance that this is actually going to be resolved in the next couple of months, or are they going to keep kicking it down the road for the rest of the year? >> that's to you, david. >> yeah, i think there's more trench warfare on...
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. >> reporter: it's fiscal cliff revisited. big spending cuts coming march 1st and a possible government hutdown. >> if congressional republicans refuse to pay america's bills on time, social security checks and veterans benefits will be delayed. >> reporter: republicans are insisting on real spending cuts before they say okay to any more borrowing. >> they just can't sit there and say, oh, you're cutting me because you're not giving me the amount of increase that i wanted. those days are over. >> reporter: democrats argue you can't put the country's finances at risk just to get your way. >> you do not get it by threatening people to burn the house down as a way of making them come to the table. that's simply won't work. >> reporter: president obama's also working on new rules to regulate guns. vice president biden delivered his recommendation a day early and p told lawmakers the president has 19 different options that don't involve congress. the president's final plan is due out at the end of the week. from washington, i'm tra
. >> reporter: it's fiscal cliff revisited. big spending cuts coming march 1st and a possible government hutdown. >> if congressional republicans refuse to pay america's bills on time, social security checks and veterans benefits will be delayed. >> reporter: republicans are insisting on real spending cuts before they say okay to any more borrowing. >> they just can't sit there and say, oh, you're cutting me because you're not giving me the amount of increase that i...
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republicans do not seem to be in the mood to negotiate after compromising on the so-called fiscal cliff last month. the gop says it will only raise the debt limit if there are equal dollar for dollar cuts in spending. otherwise, many republican lawmakers have threatened to force a shutdown of the government or let the country default on its loans and hurt its credit rating. the president this morning says that is unacceptable. >> a self-inflicted wound on the economy. it would slow down our growth, might tip us into recession. and ironically, would probably increase our deficit. >> reporter: and it would, the president warned, delay checks for social security and veterans' benefits. the president also said he would soon ask lawmakers to create new gun laws in the wake of the newtown massacre. he will likely seek universal background checks, limit on high-capacity magazines and a ban on assault weapons. reporting live here from the newsroom, i'm bob redell. >> bob, thank you very much. >>> after nearly two months in the hospital, former president george h.w. bush has been discharged. nbc
republicans do not seem to be in the mood to negotiate after compromising on the so-called fiscal cliff last month. the gop says it will only raise the debt limit if there are equal dollar for dollar cuts in spending. otherwise, many republican lawmakers have threatened to force a shutdown of the government or let the country default on its loans and hurt its credit rating. the president this morning says that is unacceptable. >> a self-inflicted wound on the economy. it would slow down...
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>> first of all, julianna, let's take the example this year in the fiscal cliff. i did not say i wouldn't have any conversations at all about extending the bush tax cuts. what i said was we weren't going to extend bush tax cuts for the wealthy. and we didn't. now, you can argue that during the campaign i said -- i set the criteria for wealthy at 250 and we ended up being at 400, but the fact of the matter is, millionaires, billionaires are paying significantly more in taxes, just as i said. so from the start, my concern was making sure that we had a tax code that was fair and that protected the middle class, and my biggest priority was making sure the middle class taxes did not go up. the difference between this year and 2011 is the fact that we've already made $1.2 trillion in cuts. and at the time i indicated there were cuts we could make that would not damage the economy, not impede growth. i said at the time we should pair it up with revenue in order to have an overall balanced package. but my own budget reflected cuts in discretionary spending. my own budget
>> first of all, julianna, let's take the example this year in the fiscal cliff. i did not say i wouldn't have any conversations at all about extending the bush tax cuts. what i said was we weren't going to extend bush tax cuts for the wealthy. and we didn't. now, you can argue that during the campaign i said -- i set the criteria for wealthy at 250 and we ended up being at 400, but the fact of the matter is, millionaires, billionaires are paying significantly more in taxes, just as i...
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like the fiscal cliff. i think the president's biggest path is to go to the progressive left and say we got to get this done for the country. and i know you are not going to like some of the stuff. you remember the reaction on our party when the president mentioned cpi, you would have thought he was committing treason. i think that will be the president's toughest task and -- i'm not sure we can pull that off. it is going to take a lot of democrats speaking out. >> he will have to use a bully pulpit and work at it. had's going to have to invest a lot of political capital. >> with our people, too. >> if he doesn't get it done, deal the other big problems you talk about this morning from gun control and to immigration, we are going to make no progress. >> so good to have you on the show. >> thank you. >> hear your calm, measured voice. >> thank you. >> simpson is not here. >> yeah. if al was here you would see a difference. >> coming up, vice president joe biden meets with the nra today as he prepares his rec
like the fiscal cliff. i think the president's biggest path is to go to the progressive left and say we got to get this done for the country. and i know you are not going to like some of the stuff. you remember the reaction on our party when the president mentioned cpi, you would have thought he was committing treason. i think that will be the president's toughest task and -- i'm not sure we can pull that off. it is going to take a lot of democrats speaking out. >> he will have to use a...
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we are barreling towards fiscal cliff part two, the sequel to what we just have seen. some people say the debate coming up could be worse over the debt ceiling and spending. do you want to see the republican party stand firm and refuse to raise the debt ceiling until there are severe, dramatic and severe spending cuts, keeping in mind the last time we debated this, the credit rating of the united states is lower. are you willing to risk that again? >> i think we need to stand firm on getting some real significant spending reductions. we've now done what the president wanted to do. he wanted to raise taxes on the highest earning americans and republicans have now acquiesced to that. now it's time for the president to stand up and say here is what i need to do. if he's going to be a credible compromiser, he needs to stand up. >> do republicans refuse to raise the debt limit if those spending cuts are not deep enough? >> we've got a bunch of different options at our disposal. continuing resolution coming up in march. you have a number of other things that you can do that
we are barreling towards fiscal cliff part two, the sequel to what we just have seen. some people say the debate coming up could be worse over the debt ceiling and spending. do you want to see the republican party stand firm and refuse to raise the debt ceiling until there are severe, dramatic and severe spending cuts, keeping in mind the last time we debated this, the credit rating of the united states is lower. are you willing to risk that again? >> i think we need to stand firm on...
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fiscal cliff part two, you might call it. budget cuts could kick in to push down the road two months. all of that, he says, has got to be dealt with. he thinks they may not get to dealing with gun control until spring, maybe april. >> at least they are visiting it now. starting the conversation. thank you. >> now we want to update you with breaking news from lower manhattan in new york city now. a ferry crashed at pier 11 injuring several people. the boat slammed into the dock. we are getting reports that several people are injured. the commuter ferry is operated by c streak which collided with pier 11 near wall street. it happened around 8:45 pacific standard time. emergency workers are being told there are 17 patients on the scene. we saw stretchers being carried off the ferry with the injured people. >> doing what they can to treat them at the scene now. you see emergency crews that arrived at the port there at pier 11 in lower manhattan this morning. following the developing story. look at the crowd. >> time now to check
fiscal cliff part two, you might call it. budget cuts could kick in to push down the road two months. all of that, he says, has got to be dealt with. he thinks they may not get to dealing with gun control until spring, maybe april. >> at least they are visiting it now. starting the conversation. thank you. >> now we want to update you with breaking news from lower manhattan in new york city now. a ferry crashed at pier 11 injuring several people. the boat slammed into the dock. we...
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in the meantime, this fiscal cliff discussion, i don't know if we've had a chance to talking to since then. i know i haven't. where do you stand on how the republicans did that deal and apparently now they're drawing a line in the sand against spending new tacks although nancy pelosi said the tax fight ain't over, yet we haven't talked about the spending problem. >> well, the point about the cliff or that belaboring the point, republicans lost ground in the house. they lost seats in the senate. they shouldn't have lost. they lost the presidency. so the idea that the republicans were going to be able to stand in the way of taxes going up wasn't going to happen. we can wish that, but it's not going to happen. but now i think you're seeing signs of life in the republican party. both mcconnell and boehner saying we're not raising taxes anymore. if the president responded with his own bravado saying we're going for a balanced approach, new revenues. nancy pelosi is adamant. dirk durbin is adamant they're going to go for more taxes. i think this is a great moment potentially for conservativ
in the meantime, this fiscal cliff discussion, i don't know if we've had a chance to talking to since then. i know i haven't. where do you stand on how the republicans did that deal and apparently now they're drawing a line in the sand against spending new tacks although nancy pelosi said the tax fight ain't over, yet we haven't talked about the spending problem. >> well, the point about the cliff or that belaboring the point, republicans lost ground in the house. they lost seats in the...
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cliff deal, republicans are willing to let those kick in. the white house had figured it hits defense. republicans won't want to. so now it looks like the white house more doesn't want those to kick in. we remember during the debate the president said it wouldn't happen. so we're going to see a john boehner who's less of a bridge between the republican conference and the white house and more of a spokesperson for the republican conference, starting with a retreat he's doing with republicans. he's going to talk about how he can channel his conservatives more effectively with his rightward pressure that we're seeing. >> so mike, does he feel like because the perception inside his own caucus is that he gave too much on the fiscal cliff deal, that on the next one he's going to have to stand up more to the president, just politically anyway? >> that's a great way to put it. it's not just the perception. i think you read speaker boehner's words, he feels used. and the white house -- "the wall street journal" writer who sat with him, steve moore fr
cliff deal, republicans are willing to let those kick in. the white house had figured it hits defense. republicans won't want to. so now it looks like the white house more doesn't want those to kick in. we remember during the debate the president said it wouldn't happen. so we're going to see a john boehner who's less of a bridge between the republican conference and the white house and more of a spokesperson for the republican conference, starting with a retreat he's doing with republicans....
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. >>> the battle that is brewing over the debt ceiling could be bigger even than the fiscal cliff showdown. republicans want to link raising the limit to cut the medicare, medicaid, and other government benefit program. >> we would need to raise the debt ceiling but if we don't raise it without a plan to get out of debt all of us should be fired. >> there are still deductions, credits, special treatments under the tax code which ought to be looked at very carefully. >> democrats say the tweets to the tax code could save some money but president obama says he is willing to consider spending cuts separately. however, he says he won't bargain over the government's borrowing authority. >>> president obama did sign into law a $9.7 billion bill to pay for flood insurance claims from victims of hurricane sandy. the law increases fee what's borrowing authority. the agency previously warned that it would run out of money without the extra funding from congress. the white house said more than 100,000 flood claim payments from sandy would be delayed without the additional money. congress has promised
. >>> the battle that is brewing over the debt ceiling could be bigger even than the fiscal cliff showdown. republicans want to link raising the limit to cut the medicare, medicaid, and other government benefit program. >> we would need to raise the debt ceiling but if we don't raise it without a plan to get out of debt all of us should be fired. >> there are still deductions, credits, special treatments under the tax code which ought to be looked at very carefully....